Japan Airlines Signs OnPoint Solution Agreement on Its GE90 Engine Fleet
LE BOURGET - Japan Airlines (JAL) signed an OnPointSM solution agreement with GE Aviation for material solutions for its GE90 engine fleet. Under this agreement, JAL will perform the overhaul and certain repairs at its engine maintenance center located in Narita, Japan, and GE will provide material and repair management services. JAL operates 24 GE90-powered Boeing 777 aircraft. The deal is valued at close to $500 million (USD). "B777s powered by GE90 are such a key fleet for JAL. We believe this agreement will bring us even more stable and smooth engine operations and the highest performance for our customers. Furthermore, it provides us added advantage of maintenance cost optimization and cost control benefits, while enhancing the long term partnership with GE," said Toshiki Oka, Executive Officer for Purchasing at Japan Airlines. "Japan Airlines has been a very important and strategic partner for GE for several decades," said Paul McElhinney, president and chief executive officer of GE Aviation Services. "This customized OnPoint solution agreement demonstrates our commitment to tailoring services to meet the unique operational needs of our customers while helping them maximize their operational efficiency." Besides GE90 engines, JAL operates GEnx-powered Boeing 787s, CF6-powered Boeing 767s, CFM56-powered Boeing 737, CF34-powered Bombardier CRJ200 and Embraer E170s and CT7-powered SAAB 340s. CFM56 engines are produced by CFM International, a 50/50 joint venture between GE and Snecma of France. OnPoint solutions are customized service agreements tailored to the operational and financial needs of each customer for any size fleet. These agreements are designed to help lower the customers' cost of ownership and maximize the use of their assets. GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.